Indian Refiners Pivot From Russian to Venezuelan Crude
Reliance Industries has bought its first cargo of Venezuelan crude since 2023 from Chevron, Reuters has reported, citing shipping data, amid growing appetite from Indian refiners for non-Russian oil supply.…
EIA Sees USA Energy Demand Under 2025 Levels for Next 2 Years
In its latest short term energy outlook (STEO), which was released on February 10, the U.S. Energy Information Administration (EIA) projected that U.S. total energy consumption will remain below 2025…
Trump Urges Tech Giants to Build Their Own Power Plants for AI Expansion
President Donald Trump urged information technology companies racing to expand in artificial intelligence to build their own power plants to avoid saddling household consumers with the bill for that expansion.…
U.S. Crude Stockpile Surge Weighs on Oil Prices
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 11.4 million barrels in the week ending February 20, after falling by 609,000 barrels…
